The invention relates to a mulching membrane and a preparation method thereof. The positive side of the mulching membrane has a silver colour with a reflectance rate of 45%-50%, and the back side of the mulching membrane has a black colour, and the mulching membrane comprises the following raw materials during preparation: 8-15 parts of highly-reflective silver master batches, 8-15 parts of black master batches, 62-70 parts of linear low density polyethylene, 3-9 parts of low density polyethylene, 3-10 parts of a metallocene, and 2-6 parts of anti-aging special master batches. Besides the advantages of water retention, soil conservation, fertilizer conservation and effective control on soil moisture and temperature, the silver and black double-side mulching membrane also has the following advantages: the light transmittance is 10%, the reflectance rate is 45%-50%, on one hand, the silver positive side can have a repellent effect on aphids, and on the other hand, existed reflected light enables fruits growing below and fruit parts back to sunshine to be indirectly illuminated by the sun, so that the ripening period is shortened, fruit peel coloration is promoted, and the sugar content and the nutritional value of the fruits are improved. The black back side can prevent sun penetration, and is beneficial to inhibit weed growth.